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>>10x Research reports Bitcoin has shifted to a bearish trend—these are the main catalysts.

10x Research reports Bitcoin has shifted to a bearish trend—these are the main catalysts.

crypthub

about 20 hours ago

Bearish Outlook Overview

10x Research says Bitcoin has entered a bearish phase, citing a mix of institutional repositioning, macro‑economic strain, and technical weakness. The firm notes that several real‑time data points converge to signal a market turning point. This assessment follows a broader shift away from the bullish narrative that dominated early 2024.

Institutional Moves and Macro Factors

A key trigger is the perceived change in MicroStrategy’s Bitcoin holding strategy, coinciding with $2.7 billion outflows from spot Bitcoin ETFs since early May. Rising oil prices and higher inflation expectations are expected to push CPI upward, worsening conditions for risk assets. Additionally, the bond market is pricing in a possible further Fed rate hike, which could tighten liquidity and dampen speculative demand.

Market Fragility and Price Trigger

Implied volatility for Bitcoin and Ethereum options sits near historic lows, while trading volume and leverage remain subdued, making the market prone to sharp swings from minor catalysts. 10x Research flags $76,088 as a pivotal level; a sustained break below could accelerate selling pressure. Investors are urged to monitor institutional behavior and macro signals, as downside risks appear dominant.